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Statements about Financial Regulation

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Recent statements involving Financial Regulation

Half-True

A bit over half do own stocks

Financial Regulation
Ro Khanna

"Most Americans don’t own stocks."

— PolitiFact California on Tuesday, September 18th, 2018

Mostly False

Violation is not the same as fraud

Financial Regulation
Matt Flynn

Says Foxconn "is under investigation in mainland China for securities fraud, environmental fraud and labor fraud."

— PolitiFact Wisconsin on Tuesday, July 31st, 2018

Mostly True

Structure unconstitutional

Financial Regulation
Amy Klobuchar

Says Judge Brett Kavanaugh "ruled that the Consumer Financial Protection Bureau was unconstitutional (reversed by full Circuit Court)."  

— PolitiFact National on Wednesday, July 25th, 2018

True

Lender loophole

Financial Regulation
Richard Cordray

"Ohio's (payday lending) laws are now the worst in the nation. Things have gotten so bad that it is legal to charge 594 percent interest on loans."

— PolitiFact Ohio on Friday, June 8th, 2018

False

Don't bank on it

Financial Regulation
Kevin Cramer

Says Heidi Heitkamp has "never been interested in" regulatory relief "until all of a sudden I become a candidate for the Senate and put pressure on."

— PolitiFact National on Monday, June 4th, 2018